Providence Mutual recently notified state regulators that it is exiting the auto insurance business for both commercial and personal lines in the four states where it currently offers the coverages – Connecticut, Maine, New Hampshire and Rhode Island. The company …
Providence Mutual, a Warwick, R.I.-based mutual property/casualty insurance company, has appointed Michele Streton, former vice president and chief operating officer for Personal Lines at Hanover Group, as the company’s new president and CEO-elect. Streton will join Providence Mutual on January …
The Providence Mutual Fire Insurance Co. has been dealt a financial strength rating downgrade from A.M. Best. A.M. Best said its decision to downgrade the insurer’s financial strength rating to “B++” (Good) from “A-” (Excellent) comes even as the insurer …
As insurance executives fret about helping their companies embrace new technology and change, one CEO offers this idea: Embrace that there are smarter people in the room. “Everybody in my organization is a whole lot smarter than I am,” said …
